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2020 (10) TMI 51 - HC - VAT and Sales TaxLevy of Penalty - non-deposit of admitted tax under the VAT Act and the CST Act within the time allowed - HELD THAT:- The tribunal has rightly come to the conclusion that the assessing officer as well as the first appellate authority committed an error in imposing the penalty on the assessee (respondent herein), even though, the first appellate authority reduced the penalty by 50%, the same was unjustified. It is not found appropriate to entertain these revisions. Even otherwise, we do take judicial notice of the pandemic that prevails in the country and the huge burden on the respondent and others. We are also aware of the fact that the delayed payment made by the assessee also included the interest for the said period. Therefore, there is no financial loss that has accrued to the revenue. It is only a penalty for belated payment that has been imposed. There are no good ground to entertain these revisions - revision dismissed.
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